BofA analyst Ebrahim Poonawala lowered the firm’s price target on Northern Trust (NTRS) to $121 from $123 and keeps a Buy rating on the shares. The firm expects “strong” Q1 results, driven by resilient asset prices through February-end and strong net interest income dynamics, but adds in a Q1 preview for the trust banks that revenue growth could taper-off if market volatility weighs on customer activity.
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